6/09/2016

Deal Preps for Art Fair

The NY Times has an interesting and informative article on how an art dealer prepares for a major art show, in this case Art Basel. The dealer, Dominique Lévy, will spend a total of $300,000 for the both and booth preparations and marketing materials. According to the NY Times, 800 galleries competed for 300 booths at Art Basel. It is well worth the few minutes to read the article and understand the level of detail, dedication and expense dealers go through in order to display at quality art fairs.

The NY Times reports

Who knew you could parse Benjamin Moore Classic Gray by percentages?

That’s what Dominique Lévy was doing with her team recently while readying their gallery’s booth for the Art Basel art fair in Switzerland, which starts next week — determining how deep the shade of a wall should be behind a Gerhard Richter landscape (50 percent? 75? 100?).

It’s hard to imagine paint color making much of an impression on the moneyed collectors who will be breezing through the exhibition hall near the Rhine.

But for Ms. Lévy, even the most minute detail matters. That is because she is one of the many leading figures in the art world who consider Art Basel the most important art fair — the one they work on the hardest because it attracts the most international, serious clients.

Art fairs, having proliferated around the world, are a potent force in the art market, a kind of one-stop shopping that allows collectors access to major galleries from numerous countries without having to visit the galleries themselves.

As a result, fairs account for about 40 percent of gallery sales by value, according to the Tefaf Art Market Report, making the limited number of spots at top fairs especially coveted: More than 800 galleries competed for about 300 booths in Basel this year.

During the past few weeks, Ms. Lévy allowed this reporter to be privy to her extensive preparation in New York for Basel, offering a rare window into the intense process galleries go through to bring their A game to the fair.

“You’re put to really high standards,” she added. “Every collector would say to you Art Basel is the most important art fair.”

Because Ms. Lévy is Swiss, Art Basel also matters most for personal reasons. The dealer, who recently announced that she would be taking over the whole building at her Madison Avenue gallery, has been coming to this fair since she was a child. (Her mother still attends.)

“Art Basel is what made me want to be a gallerist and an art dealer,” she said.

So Ms. Lévy pulls out the stops, bringing a staff of 11 (six from New York, three from her London gallery and two from her Geneva gallery) for a week; enlisting an architect, painter and lighting designer for her booth; entertaining clients with a major event — this year a circus-themed party created by a tightrope acrobat with “dinner under the big top”; even insisting on a specific brand of Swiss chocolate in the booth (Villars).

“I won’t go as far as to say I curate the bowl of chocolate, but...,” Ms. Lévy joked.

Her total spending on all this is steep: more than $300,000. (She also produces a glossy brochure and previously bought Le Corbusier furniture for the booth.) But for Ms. Lévy, the fair is a worthwhile investment — a gallery’s calling card and a crucial place to make connections.

“There’s not a year where we haven’t met a minimum of three to five meaningful people,” she said, describing important buyers.

There is a hierarchy to the placement of booths at the fair, and Ms. Lévy has worked her way up, having attended as part of the former L&M Arts gallery before starting her own shop three years ago. “I had to graduate from behind the toilet,” she said.

“Now I’m opposite Zwirner and near Nahmad,” she added, naming two prominent galleries. “It’s a fantastic position, but it took time.”

From the moment the fair ends, Ms. Lévy said, she starts planning the next one, keeping her eyes open for art she may want to sock away for the next year. The preparation is both exhilarating and exhausting.

“Basel is the fair where I’ve lost the most sleep,” she said.

The fair itself is also a marathon; Ms. Lévy said she barely eats and never sits down, despite high heels — “I can’t sell art in flat shoes” — bringing two pairs along with an ice bucket in which she soaks her feet after the first four hours.

“Then I can do another four hours,” she said.

Booths at the fair used to be highly specialized, Ms. Lévy said — with one dealer, for example, focusing on postwar French works. Now a preoccupation with contemporary art has made it more homogenized.

So Ms. Lévy seeks to stand out, providing a complete art experience within the confines of her booth, combining the contemplative nature of a literary salon with the competitiveness of, say, a couture sample sale.

“What depresses me the most is if people walk past the booth and don’t stop,” she said. “I want people to come in and then have a journey.”

The theme of Ms. Lévy’s booth this year is postwar Europe and America, showing how a Pierre Soulages painting, for example, echoes a David Smith sculpture.

“There is a harmony, which I think is important,” she said, “a story to be told.”

At a recent meeting — at which Ms. Lévy presided with an aura of elegant efficiency some find intimidating — staff members pored over an architectural model of the booth, moving mini reproductions of the artworks around on the foamcore walls.

“Has the Calder arrived?” ... “The small silver Stella is not coming” ... “The Fontana’s being framed right now” ... “When will you know if the Ryman is coming?”

Considerable time was devoted to the composition of artworks in the booth; placing them is an art in itself. “Maybe we have to go back to this idea of giving Günther Uecker a complete area,” Ms. Lévy said.

“The Burri and the Fontana are both small and intimate paintings,” Ms. Lévy said. “Do they need to be incredibly close to each other?”

Emilio Steinberger, the gallery’s senior director, said, “They have to be in the same vicinity” because the two works have a strong relationship.

The team analyzed the booth’s circulation; how to best feature the sculpture; how to create moments of stimulation and repose.

“The other side of the Richter has to be incredibly soft and quiet,” Ms. Lévy said. “If the Calder goes here, I would love that Fontana next to it. You want the clean Stella here — you really want a moment of breathing.”

If last year’s booth “had a preciousness,” Ms. Lévy said, featuring the likes of Ryman and Giacometti, “this year is much rawer.”

Ms. Lévy was particularly excited about a large canvas by the Russian artist Nicolas de Staël, unusual for its multiple layers of paint. “We want to give this painting a presence because it hasn’t been seen for 40 years,” she said. “It’s Barnett Newman, it’s Pollock — it takes your guts.”

Even as the booth must have a cohesion, Ms. Lévy said, it also needs to convey a sense of the gallery; for example, that it recently began to represent the artist Pat Steir.

But while the booth demands the care and curation of an exhibition, it is ultimately about selling art, Ms. Lévy said, not just looking at it.

“This is not an exhibition, this is an art fair,” she said. “It’s about commerce.”

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The Appraiser Workshops blog was developed in 2008 to publish news connected with the personal property profession and to promote the Appraiser Workshops. Content includes appraisal ideas and tips, industry news and events, market trends and updates, surveys, educational opportunities and general commentary about personal property appraising. Visit often. Comments, news, suggestions and content contributions are always welcome.

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Todd W. Sigety, is a certified member of the International Society of Appraisers and is a partner in the Appraiser Workshop, developers of the Good, Better, "Best" Appraiser Workshop. He owns two Antique galleries in Old Town Alexandria, VA where the workshop is held. He currently serves as the President on the National Board of Directors for the International Society of Appraisers. He is also the creator and editor of the Journal of Advanced Appraisal Studies.

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